7757 Grand River Road
About This Property
A great smaller parcel of land just east of Tompkins with frontage on the Grand River. When you pull into the property (use 7577 Grand River Rd for mapping purposes only and it will take you there) you will be at the highest point. The grassy pasture northern part of the property that also has many oaks scattered throughout makes for some great fawning area as well as possible food plots and as you walk down hill all the way towards the river you will enter the southern section that is completely wooded and leads down to the river. River bottom hunting is great if you've never done it. This is one you have to see and it wont be available for long so call me toda
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 29, 2020 | Sold | ||
| Sold | |||
| Mar 10, 2020 | Listed by Michigan Whitetail Properties | $69,000 | |
| Listed by Michigan Whitetail Properties | |||
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About Jackson
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Last Updated: 3 years ago
Data Source: MichRIC, MLS# 20014550
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